Facebook Acquires SNAPTU For $70 million

Social King Facebook has today acquired Snaptu for an estimated $60-$70 Million. The news is also confirmed via an announcement on Snaptu’s official blog.

Earlier this year, we announced the launch of a new Facebook mobile application to give people a great mobile experience on a broad range of feature phones. The Facebook for Feature Phones app currently works on more than 2,500 devices.

We soon decided that working as part of the Facebook team offered the best opportunity to keep accelerating the pace of our product development. And joining Facebook means we can make an even bigger impact on the world.

Snaptu developing apps for low cost feature phones. Their mobile application to give people a great mobile experience on a wide range of feature phones. Snaptu is based in London, with offices in Tel Aviv and Silicon Valley.

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